HTWO.L vs. FLXK.L
HTWO.L (L&G Hydrogen Economy UCITS ETF) and FLXK.L (Franklin FTSE Korea UCITS ETF) are both Global Equities funds - HTWO.L tracks the L&G Hydrogen Economy UCITS ETF while FLXK.L tracks the Franklin FTSE Korea UCITS ETF. Both are passively managed. Over the past 5 years, HTWO.L returned -0.51%/yr vs 15.67%/yr for FLXK.L. A 0.61 correlation means they provide meaningful diversification when combined. HTWO.L charges 0.49%/yr vs 0.09%/yr for FLXK.L.
Performance
HTWO.L vs. FLXK.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HTWO.L achieves a 29.27% return, which is significantly lower than FLXK.L's 75.46% return.
HTWO.L
- 1D
- 0.09%
- 1M
- -10.01%
- 6M
- 17.06%
- YTD
- 29.27%
- 1Y
- 59.38%
- 3Y*
- 13.91%
- 5Y*
- -0.51%
- 10Y*
- —
FLXK.L
- 1D
- -1.68%
- 1M
- -19.56%
- 6M
- 57.13%
- YTD
- 75.46%
- 1Y
- 141.50%
- 3Y*
- 39.45%
- 5Y*
- 15.67%
- 10Y*
- —
HTWO.L vs. FLXK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HTWO.L L&G Hydrogen Economy UCITS ETF | 29.27% | 40.50% | -8.00% | -3.49% | -37.13% | -33.03% |
FLXK.L Franklin FTSE Korea UCITS ETF | 75.46% | 94.79% | -21.63% | 20.77% | -28.01% | -11.47% |
Correlation
The correlation between HTWO.L and FLXK.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2021 | 0.61 |
The correlation between HTWO.L and FLXK.L has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HTWO.L vs. FLXK.L — Risk / Return Rank
HTWO.L
FLXK.L
HTWO.L vs. FLXK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Hydrogen Economy UCITS ETF (HTWO.L) and Franklin FTSE Korea UCITS ETF (FLXK.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HTWO.L | FLXK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 5.86 | -2.98 |
| Martin ratioReturn relative to average drawdown | 7.98 | 18.40 | -10.42 |
Loading charts...
Drawdowns
HTWO.L vs. FLXK.L - Drawdown Comparison
The maximum HTWO.L drawdown since its inception was -68.35%, which is greater than FLXK.L's maximum drawdown of -49.43%. Use the drawdown chart below to compare losses from any high point for HTWO.L and FLXK.L.
Loading charts...
Drawdown Indicators
| HTWO.L | FLXK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -49.43% | -18.92% |
Max Drawdown (1Y)Largest decline over 1 year | -20.94% | -24.10% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -32.36% | -28.54% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -59.35% | -47.00% | -12.35% |
Current DrawdownCurrent decline from peak | -32.10% | -24.10% | -8.00% |
Average DrawdownAverage peak-to-trough decline | -48.84% | -20.23% | -28.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 7.70% | -0.12% |
Volatility
HTWO.L vs. FLXK.L - Volatility Comparison
The current volatility for L&G Hydrogen Economy UCITS ETF (HTWO.L) is 10.34%, while Franklin FTSE Korea UCITS ETF (FLXK.L) has a volatility of 19.75%. This indicates that HTWO.L experiences smaller price fluctuations and is considered to be less risky than FLXK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HTWO.L | FLXK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 19.75% | -9.41% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 41.53% | -18.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 45.08% | -12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.25% | 29.63% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.35% | 29.61% | -0.26% |
HTWO.L vs. FLXK.L - Expense Ratio Comparison
HTWO.L has a 0.49% expense ratio, which is higher than FLXK.L's 0.09% expense ratio.
Dividends
HTWO.L vs. FLXK.L - Dividend Comparison
Neither HTWO.L nor FLXK.L has paid dividends to shareholders.
Frequently Asked Questions
HTWO.L and FLXK.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXK.L is cheaper with a 0.09% expense ratio, compared with 0.49% for HTWO.L.
HTWO.L tracks L&G Hydrogen Economy UCITS ETF, while FLXK.L tracks Franklin FTSE Korea UCITS ETF. They also come from different issuers: L&G and Franklin. Their fees differ too: 0.49% for HTWO.L and 0.09% for FLXK.L.
Find the right allocation for HTWO.L and FLXK.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer